Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) Reaches New 1-Year High – What’s Next?

Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) hit a new 52-week high on Thursday . The company traded as high as $84.13 and last traded at $84.12, with a volume of 15351 shares. The stock had previously closed at $83.30.

Fidelity MSCI Industrials Index ETF Price Performance

The firm’s fifty day moving average is $81.73 and its 200-day moving average is $79.85. The firm has a market cap of $1.53 billion, a price-to-earnings ratio of 24.65 and a beta of 1.11.

Institutional Investors Weigh In On Fidelity MSCI Industrials Index ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. SYM FINANCIAL Corp bought a new position in shares of Fidelity MSCI Industrials Index ETF during the 2nd quarter worth about $28,000. PNC Financial Services Group Inc. raised its position in Fidelity MSCI Industrials Index ETF by 51.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 378 shares of the company’s stock valued at $29,000 after buying an additional 128 shares during the last quarter. Hilltop National Bank bought a new position in shares of Fidelity MSCI Industrials Index ETF during the second quarter valued at about $30,000. Private Trust Co. NA bought a new position in shares of Fidelity MSCI Industrials Index ETF during the 3rd quarter worth approximately $30,000. Finally, MTM Investment Management LLC purchased a new position in shares of Fidelity MSCI Industrials Index ETF in the 2nd quarter worth approximately $37,000.

Fidelity MSCI Industrials Index ETF Company Profile

The Fidelity MSCI Industrials Index ETF (FIDU) is an exchange-traded fund that is based on the MSCI USA IMI Industrials 25\u002F25 index, a market-cap-weighted index of stocks in the broad US industrials sector. FIDU was launched on Oct 21, 2013 and is managed by Fidelity.